Help & Advice

Can i get car finance if unemployed?

Tim Carpenter, Car Finance Expert

Rachel Wilson

2 stars -
"Can i get car finance if unemployed?" Tam Hi Tam, as you have a bad credit history we may struggle to get you approved but we do have a few lenders on our panel that help people who are unemployed, on benefits and have bad credit so there is still a possibility.

Please make an application and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Hi, i was discharged from bankruptcy November 2010. I now have a mail order catalogue with a credit limit of £1900 and have recently got a credit card with a limit of £250.

I'm looking for car finance of about £2000 - £3000, my only problem is i am unemployed and don't plan on going back to work for another year as i chose to stay at home with my daughter, would anyone consider me for car finance? I wouldn't have a deposit to put down either.

Tam

Rachel Wilson Underwriting Manager

Answer

Hi Tam, as you have a bad credit history we may struggle to get you approved but we do have a few lenders on our panel that help people who are unemployed, on benefits and have bad credit so there is still a possibility.

Please make an application and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Paragon

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

I am a carer, can i get a car finance?

Sarah

Rachel Wilson

Underwriting Manager

Answer

Hi Sarah, if you have good credit we should be able to help. Is this the case? Rachel

Answer correct as of July 2012

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Liked by 12 People

I work 6 hours a week due to having a baby a year ago, I want to upgrade my car to the new Vauxhall Mokka. I have good credit history, Could i get finance?

Melissa

Rachel Wilson

Underwriting Manager

Answer

Hi Melissa, thank you for your question. I would advise that you put a joint application through with maybe a partner/family member who is full time employed. This will hopefully strengthen your chances of an approval. Our underwriters can then assess both your credit profiles and see what the best option for you would be. Being part time does limit the number of lenders that will consider you so this may be the best option for you. I hope this helps. Kind regards, Rachel

Answer correct as of January 2013

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Liked by 6 People

Hello, I have seen a car i want from Evans Halshaw but i am unemployed due to ill health and struggling to get the finance.

I have a good credit score is there anyway i could work around this?

David Nichol

Rachel Wilson

Underwriting Manager

Answer

Hi David, thank you for your question.

The good news is that we do have lenders on our panel that help un-employed people who are on benefits get car finance. We also have more lenders on our panel than Evans Halshaw do.

As you have a good credit score this will certainly help! Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Answer correct as of August 2014

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Liked by 5 People

Hello, I am now unemployed by choice to be a housewife and look after our two kids. I have a poor credit rating.

My husband is self employed and also has a poor credit rating. We have a deposit of £2000 and we already have a car which was on finance and is paid off. Due to my husband working he needs the car so I need a car for my own use. Can myself or my husband get finance?

Andrea

Rachel Wilson

Underwriting Manager

Answer

Hi Andrea, thank you for your question.

We'd love to be able to help you finance a new car. The best chance you have is to make a joint application with your husband on our website. Adding a co-hirer strengthens your application.

As you have recently paid off your car finance on your current car this will look good in the eyes of our lenders. You also have a large deposit which will certainly help matters. Lastly, as your husband is self-employed we will need to see 3 months bank statements so that he can prove his income. Hopefully this won't cause a problem.

Please make an application when you're ready and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Answer correct as of March 2015

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Liked by 7 People

Hi, I have been laid of from my job so I am
unemployed now, my current car has packed up, and I have
bad credit. Would you be able to help me without a deposit? I really need a car to get a new job.

Shane parton

Rachel Wilson

Underwriting Manager

Answer

Hi Shane, thank you for your question.

We do have lenders that can help those that are currently unemployed with finance. Please inform us of any income you do receive, however, including benefits.

With regards to your bad credit, we still may be able to help, as we often help customers with circumstances similar to your own. Are you on the electoral roll? This would help us to get you an approval.

Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Answer correct as of August 2015

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Liked by 13 People

I really need another car but after 2 years of buying second hand ones, I'm really looking to buy brand new. I do voluntary work for CAB, and have done this for 17 months. I'm married and my husband earns a good wage. My credit score is good. Would I be approved?

Hazel martin

Rachel Wilson

Underwriting Manager

Answer

Hi Hazel, Thanks for the question

The fact that you are not working full time if not a problem, you just need to make sure you give us a breakdown of all income (including benefits) on your application. With good credit, we can most definitely try our hardest to get you an approval.

Please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Paragon

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

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Licensed Credit Broker. All finance is subject to status and income. Written Quotation on request. CarFinance 247 can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions.

* The UK’s number one online car finance provider by web traffic. Based on Experian Hitwise data – 663,415 visits to CarFinance 247 vs 299,576 for nearest competitor. January 2017.

Carfinance247 Limited is authorised and regulated by the Financial Conduct Authority, registration number 653019 and we are registered with the Office of the Information Commissioner (No. Z1897658). Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your customer service specialist can provide more information on this.

Licensed Credit Broker. All finance is subject to status and income. Written Quotation on request. CarFinance 247 can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions.

* The UK’s number one online car finance provider by web traffic. Based on Experian Hitwise data – 663,415 visits to CarFinance 247 vs 299,576 for nearest competitor. January 2017.

Carfinance247 Limited is authorised and regulated by the Financial Conduct Authority, registration number 653019 and we are registered with the Office of the Information Commissioner (No. Z1897658). Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your customer service specialist can provide more information on this.